First Industrial Realty Trust (NYSE:FR) Price Target Raised to $74.00

First Industrial Realty Trust (NYSE:FR) had its price target raised by Robert W. Baird from $71.00 to $74.00 in a report published on Wednesday, Marketbeat.com reports. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. Citigroup raised their price objective on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday. Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Barclays raised their price target on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.21.

First Industrial Realty Trust Trading Up 0.0%

FR stock opened at $65.99 on Wednesday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 24.08 and a beta of 1.05. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $63.83 and a 200-day simple moving average of $61.57. First Industrial Realty Trust has a 52 week low of $47.38 and a 52 week high of $69.88.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. During the same period last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities research analysts expect that First Industrial Realty Trust will post 3.16 EPS for the current year.

Institutional Investors Weigh In On First Industrial Realty Trust

Several large investors have recently made changes to their positions in FR. Public Employees Retirement System of Ohio increased its stake in First Industrial Realty Trust by 26.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 290,663 shares of the real estate investment trust’s stock valued at $16,815,000 after buying an additional 60,459 shares during the period. M&T Bank Corp acquired a new stake in shares of First Industrial Realty Trust in the 4th quarter worth approximately $1,134,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of First Industrial Realty Trust by 7.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 209,488 shares of the real estate investment trust’s stock valued at $11,997,000 after acquiring an additional 14,693 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of First Industrial Realty Trust by 4.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 959,917 shares of the real estate investment trust’s stock valued at $54,974,000 after acquiring an additional 44,678 shares in the last quarter. Finally, Oak Thistle LLC boosted its holdings in shares of First Industrial Realty Trust by 67.8% in the fourth quarter. Oak Thistle LLC now owns 44,013 shares of the real estate investment trust’s stock valued at $2,521,000 after acquiring an additional 17,779 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.